Question: JC recently graduated from veterinary school and opened her own

JC recently graduated from veterinary school and opened her own professional practice. This year, her net profit was $32,000. Compute JC’s after-tax income from her practice assuming:
a. Her self-employment tax is $4,522, and her marginal income tax rate is 25 percent.
b. What percentage of the federal tax burden on JC’s business income is represented by the self-employment tax?



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  • CreatedNovember 03, 2015
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